<oembed><type>rich</type><version>1.0</version><title>waxwing wrote</title><author_name>waxwing (npub1va…knuu7)</author_name><author_url>https://yabu.me/npub1vadcfln4ugt2h9ruwsuwu5vu5am4xaka7pw6m7axy79aqyhp6u5q9knuu7</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>Holding such a token is not holding an option; they don&#39;t have any right (to buy or sell) attached. Take the example of selling a call option. You give that optionality to someone, you get back something (money or whatever) in the trade. This kind of thing is an interesting inversion: you cryptographically restrict yourself from doing something, and the market *can* decide that the positive externality you created is worth something. Re: &#34;after the lock the user has V sats plus some tokens, should they be richer?&#34; - that&#39;s exactly the thesis. That you gave a specific positive externality to all the other users of bitcoin by removing your bitcoins from the saleable market for a time; how valuable that is to those other users, is something only the market can fully determine. But you *did* give that option to sell away, as a sacrifice; it does not return at the end of the locking period. You lost something specific. In a crude analogy, if I am put in prison for 1 year and then released, you can&#39;t say I didn&#39;t suffer because I am now free.</html></oembed>